Latest news and articles about nickel from NEX English
The Indonesian Public Prosecutor's Office has recovered 600 million rupiah, approximately 40,000 USD, in an ongoing investigation into corruption in nickel mining operations. This recovery occurred just a week before the arrest of a new suspect in the case.
The U.S. government has announced new sanctions targeting a nickel project in Cuba, which could affect supply chains linked to China. The sanctions involve a joint venture between Canada's Sherritt International and Cuba's state nickel company.
The Center for Economic and Legal Studies in Indonesia revealed that applying a windfall tax on coal companies could enhance state revenues by <strong>66.03 trillion rupiah</strong>. This announcement comes at a time when the energy sector is experiencing unprecedented price increases.
PT ANTAM (Persero) Tbk announced a net profit of <strong>3.66 trillion rupiah</strong> in the first quarter of 2026, reflecting a <strong>58%</strong> increase compared to the same period last year. This growth comes despite ongoing global economic challenges.
Nickel prices have surged to their highest level in two years due to reduced mining quotas in Indonesia, one of the largest producers, and a global shortage of sulfur. These factors have tightened supply forecasts for metals used in batteries.
The Indonesian Geological Alumni Association has urged the government to enhance the nickel-based battery industry as part of its strategy for national energy independence amidst global geopolitical tensions. This call was made by the association's president, Abdul Bari, in Jakarta.
The Indonesian police announced that the suspect in the illegal mining case, known as <strong>AT</strong>, could not attend the scheduled interrogation due to illness. A medical team will be sent to verify his health condition.
The National Human Rights Commission of Indonesia has urged for improved access to health services in the Nickel area of Morowali, where over <strong>51,000 cases</strong> of respiratory diseases have been recorded. This call comes amid increasing industrial activity and its impact on the health of the population.
The Indonesian Minister of Energy and Mineral Resources revealed an ongoing study to change the pricing formula for base metals, targeting implementation by April 2026. These changes aim to improve price accuracy and enhance government revenues.